Deed Of Trust Records With Lien In Wayne

State:
Multi-State
County:
Wayne
Control #:
US-00183
Format:
Word; 
Rich Text
Instant download

Description

The Deed of Trust Modification Agreement is a crucial document used to modify existing mortgage or deed of trust arrangements in Wayne, ensuring that the lender retains a lien on the property in question. This agreement is designed to renew and extend the lien associated with a debt, allowing modifications to payment terms while maintaining the integrity of the original Security Instrument. Key features include the stipulation of payment amounts, interest rates, and the consequences of default. The form outlines the roles of borrowers and co-grantors, detailing their obligations and securement of the debt. Filling out this form requires accurate information regarding the borrower, property details, and existing agreements. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this document useful for managing potential changes in payment plans, ensuring compliance with state laws, and protecting the interests of all parties involved. Proper completion and notarization are essential for the legal enforceability of the modifications stated in this agreement. This document is particularly beneficial during refinancing processes or when seeking to adjust payment terms for financial relief.
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  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust
  • Preview Change or Modification Agreement of Deed of Trust

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FAQ

If you do not have your deed, then you can get a recorded copy of it at the Register of Deeds; and a recorded copy is just as good as the original. You can come in person, send us a request by mail, or search online. Search and copy fees will apply.

There are three (3) convenient ways to retrieve a document from our extensive files: Visit waynecountylandrecords - available 24 hours a day. Visit our office in historic Greektown (kiosks are now only available to be used from am - pm) Request a Search-by-Mail.

Property ownership information can be requested from the County Registrar-Recorder/County Clerk.

A deed of trust creates a lien on the purchased property when it is executed and delivered by the trustor/borrower to the beneficiary (usually the lender). Once executed and delivered, the deed of trust takes priority as a security against the property in relation to any other liens previously recorded.

RECORDING REQUIREMENTS Documents executed in Michigan which convey or encumber real estate require a notary's acknowledgment. Documents must be on 8.5" x 11" or 8.5" x 14" paper and must have a 2.5" top margin for the first page, and a minimum 0.5" margin on the other three sides of all pages.

Documents must have all original signatures and the names must be printed, stamped, or typed beneath the signatures. Documents executed in Michigan which convey or encumber real estate require a notary's acknowledgment.

State of Michigan Recording Requirements 1. Signatures must be original; and names must be typed or printed beneath signatures. 2. No discrepancy shall exist between names printed in the notary acknowledgment and as printed beneath signatures.

Recording Legibly printed or typed in black ink, type size 10pt, white 20lb paper with a blank margin of 2 1/2" at the top of the first page and 1/2" on all other margins. Paper size must be 8 1/2" x 11" and not larger than 8 1/2" x 14." Signatures may be in black or blue ink. (MCLA 565.201 Sec 1)

Typically, a deed is recorded with the local county recorder of deeds. Recording the deed gives the public notice that the grantee now legally owns the property. Not recording a deed can cause problems for the grantee. They may be unable to obtain a mortgage, insure the property, or sell it.

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Deed Of Trust Records With Lien In Wayne